Blackwells Capital Releases "Life After Ashford," an Independent Analysis of Braemar Hotels & Resorts' Go-Forward Portfolio
Globe Newswire•13/10/2026•16:00 ET
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Key Highlights
- ➤2026 hotel sales reached approximately $1.18 billion at a 6.7% blended capitalization rate
- ➤Seven go-forward hotels generated $381 million revenue and $88 million Hotel EBITDA
- ➤Braemar guided 2027 Adjusted EBITDAre to $85 million-$90 million
- ➤Annual corporate expenses are expected to fall from approximately $42 million to $15 million
- ➤Blackwells estimates $2.45-$5.13 per-share value versus October 9 price of $1.21
Analysis Concludes the Market Is Valuing Braemar's Seven Luxury Hotels at Roughly 30% of the Value Implied by Its Own 2026 Asset Sales, Peer Multiples and Precedent Transactions
Blackwells Supports Completion of the Separation from Ashford Inc. and Encourages Shareholders to Judge the Self-Managed Company on Its Results
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